The Union Ministry of Labour and Employment has revised the statutory wage ceiling for mandatory coverage of employees from INR 15,000 per month to INR 25,000 per month for the purposes of Chapter III of the Code on Social Security, 2020.
Khaitan & Co advised Advent International on its investment of INR 3,150 crores in Yatharth Hospital & Trauma Care Services Ltd, a listed company and a leading multi-speciality healthcare platform headquartered in NCR.
Khaitan & Co advised Capital Numbers Infotech Ltd (“CapitalNumbers”) on its acquisition of 100% ownership in Epitome Cloud Inc. (“Epitomecloud”) and the indirect acquisition of its subsidiary in India, Epitomecloud Technology Pvt Ltd.
Khaitan & Co advised Denso Corporation in connection with strategic joint venture between Sona BLW Precision Forgings Ltd and DENSO Corporation to establish two joint ventures for developing, designing, manufacturing and marketing advanced electric and hybrid powertrain systems across multiple vehicle segments.
Khaitan & Co advised Madison Air Solutions Corporation ("Madison Air"), a global provider of air quality solutions, on its definitive agreement to acquire ebm-papst, a leading global supplier of high-performance airflow technology and a pioneer in integrated electronically commutated fan and motor systems, at an enterprise value of USD 5.4 billion.
Khaitan & Co advised Nexus Select Trust (acting through its Manager, Nexus Select Mall Management Pvt Limited) (“Nexus”) on the proposed acquisition of 100% of the share capital of Galaxy Infra Creations Pvt Ltd which owns: (a) a 0.5 million square feet Grade-A mall; and (b) a 164 key Hyatt Regency Hotel, each of which are currently under construction in Guwahati, for a purchase consideration of ~INR 1600 Crores, fro
Khaitan & Co advised upGrad Education Pvt Ltd in its 100% acquisition of Sorting Hat Technologies Pvt Ltd (Unacademy) for a total consideration of USD 205 million.
Khaitan & Co advised the Volkswagen Group, in connection with the India leg of the agreement to sell a majority stake in Everllence (formerly known as MAN Energy Solutions) to Bain Capital, a leading global private investment firm.
The transaction is subject to regulatory approvals and customary closing conditions.
Khaitan & Co advised Denso Corporation in connection with strategic joint venture between Sona BLW Precision Forgings Ltd and DENSO Corporation to establish two joint ventures for developing, designing, manufacturing and marketing advanced electric and hybrid powertrain systems across multiple vehicle segments.
